GENERAL KNOWLEDGE

Detailed explanation-1: -Sales promotions are a great way to encourage potential customers to buy your product or sign up for your service. Done well, they boost short-term sales and attract new customers, prompt positive online reviews, and lead to repeat purchases.

Detailed explanation-2: -A sales promotion is a marketing strategy in which a business uses a temporary campaign or offer to increase interest or demand in its product or service. There are many reasons why a business may choose to use a sales promotion (or ‘promo’), but the primary reason is to boost sales.

Detailed explanation-3: -Sales promotions are an effective way for successful companies to promote their brand, increase customer retention and generate more revenue. Efficient sales promotions benefit businesses by offering an enticing incentive to help differentiate themselves from their competitors.

Detailed explanation-4: -Sales promotion is an effective and satisfying response to the demand for account-specific marketing programs. Increased sales volume provided through sales promotion enhances small profit margins. Retailers also benefit from the immediate feedback of sales promotion that readily reveals unsuccessful programs.